financetom
Forex World Market Business Cryptocurrency Commodities MAP
financetom
Business
financetom
/
Business
/
Carrier Global to Sell Industrial Fire Business to Sentinel Capital for $1.43 Billion
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Carrier Global to Sell Industrial Fire Business to Sentinel Capital for $1.43 Billion
Mar 5, 2024 5:08 AM

07:52 AM EST, 03/05/2024 (MT Newswires) -- Carrier Global ( CARR ) said Tuesday it has agreed to sell its Industrial Fire business to Sentinel Capital Partners for an enterprise value of about $1.43 billion.

The 1,400-employee Industrial Fire business provides fire detection and suppression equipment in more than 20 countries.

The sale is expected to close in Q3, pending regulatory approval and customary closing conditions. Carrier Global ( CARR ) said it expects net proceeds from the transaction to exceed $1.1 billion, which it intends to use to pay down debt.

The company said it is also preparing to sell its combined commercial and residential fire businesses and that expects to resume share repurchases by the end of 2024.

Price: 57.33, Change: +0.18, Percent Change: +0.31

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Cybersecurity firm Netskope raises $908.2 million in US IPO
Cybersecurity firm Netskope raises $908.2 million in US IPO
Sep 17, 2025
NEW YORK (Reuters) - Cybersecurity firm Netskope raised $908.2 million in an initial public offering in the United States, the cloud-based cybersecurity company said on Wednesday. The Santa Clara, California-based company sold about 47.8 million shares at $19 apiece, at the higher end of its target range, which it had previously raised to $17 to $19 per share, confirming an...
 Brazil's beef exports to US to fall further in September after tariffs, industry group says
Brazil's beef exports to US to fall further in September after tariffs, industry group says
Sep 17, 2025
SAO PAULO (Reuters) -Brazil's beef exports to the United States are seen falling further in September from the previous months, the head of local beef lobby Abiec said on Wednesday, in a move linked to higher tariffs imposed by President Donald Trump on goods from Brazil. Roberto Perosa said that beef exports to the U.S. should fall to about 7,000 metric...
 Cybersecurity firm Netskope raises $908.2 million in US IPO
Cybersecurity firm Netskope raises $908.2 million in US IPO
Sep 17, 2025
NEW YORK, Sept 17 (Reuters) - Cybersecurity firm Netskope raised $908.2 million in an initial public offering in the United States, the cloud-based cybersecurity company said on Wednesday. The Santa Clara, California-based company sold about 47.8 million shares at $19 apiece, at the higher end of its target range, which it had previously raised to $17 to $19 per share,...
 Meta's new $800 smart glasses with display likely to take center stage at Connect event
Meta's new $800 smart glasses with display likely to take center stage at Connect event
Sep 17, 2025
By Aditya Soni and Echo Wang MENLO PARK, California (Reuters) -Meta is expected to launch on Wednesday its first consumer-ready smart glasses with a built-in display, seeking to extend the momentum of its Ray-Ban line, an early consumer hit of the artificial intelligence era. The new glasses will likely be named Celeste and paired with Meta's first wristband for hand-gesture...
About
Terms and Conditions Privacy policy Cookie Settings Contact Us
Services
Login register
financetom Market Personal Finance Business Economy Cryptocurrency MAP
Links
zpostcode Recruit weather mreligion Yellowpages sport constellation shopping name game directory literature Word tour furnish Lottery tftnews lyrics News digital car dir Edu Finance
Copyright 2023-2026 - www.financetom.com All Rights Reserved